FactSet Research Systems History and Company Struucture

What Is FactSet?

FactSet Research Systems presents computer based monetary records and evaluation for monetary professionals, which includes funding managers, hedge funds, and funding bankers. It consolidates facts on international markets, public and personal companies, and fairness and fixed-income portfolios.

FactSet used to be situated in 1978 with the aid of Howard Wille and Charles Snyder and is headquartered in Connecticut, with extra workplaces in the United States and round the world.
The employer has over one hundred thirty companions who makes use of their information.

FactSet Research Systems is a leading provider of financial data and analytics. The company has its roots in the financial industry and has evolved significantly since its inception.  

The Early Years

• Founders: Howard Wille and Chuck Snyder, two Wall Street veterans, established FactSet in 1978.  
  1. FactSet: What it is, How it Works, Company Structure – Investopedia
• Innovation: Recognizing the potential of computers in financial analysis, they developed a system to access and analyze financial data more efficiently.
• Early Focus: The company initially focused on providing data and tools for investment professionals.

Growth and Expansion

• Public Offering: In 1996, FactSet went public, marking a significant milestone in its growth trajectory.  
  1. Investor FAQs | FactSet
• Global Expansion: The company expanded its operations beyond the United States, with offices opening in Europe and Asia.  
  1. FactSet – 
• Product Development: FactSet continued to innovate, introducing new products and services to meet the evolving needs of its clients. 

A Platform for Financial Professionals

• Comprehensive Platform: FactSet transformed into a comprehensive platform offering data, analytics, and tools for investment research, portfolio management, and wealth management.  
  1. Investment Data Solutions | Flexible Technology for Asset Owners, Investors, and Decision 
• Industry Leader: The company solidified its position as a leading provider of financial information and technology.
• Client Focus: FactSet has consistently prioritized meeting the needs of its clients by delivering innovative solutions.

Key Milestones

• 1978: Founded by Howard Wille and Chuck Snyder.  
  1. FactSet: What it is, How it Works, Company Structure – Investopedia
• 1996: Became a public company.  
  1. Companies That Had Their IPO in 1996: Tech and Internet Domination – Quartr
• 1997: Launched Portfolio Management Workstation.   
• 2009: Combined multiple platforms into a single, unified platform.   
• Continued Growth: FactSet has continued to expand its product offerings and global footprint.

How FactSet Works

FactSet’s mission is to assist the overall performance of funding gurus all through the world with the aid of supplying analytical perception gleaned from uncooked monetary data. The organisation seeks to do this with the aid of supplying traders and different experts with the equipment wished to convert this facts into statistics that can be used in monetary evaluation and economic reporting.

FactSet presents its offerings for a decrease charge than some of its opponents due to the fact the business enterprise makes use of more than one sources to furnish its data, which creates pricing opposition between suppliers.
The organisation offers its customers an all-inclusive pc device that can be personalised for the precise desires of funding managers, hedge funds, funding bankers, and different quantitative fields and industries. FactSet provides merchandise that take care of market analytics, economic content, economic screening, personalized records analytics, and more.
As of 2023, FactSet offerings over 200,000 customers in greater than 8,000 agencies and organizations. FactSet has 37 workplaces in 20 countries. The corporation reviews it has had a customer retention fee of 95% with forty three years of income growth.

The Company Structure

FactSet is damaged down into three enterprise units: one in the United States, one in Europe, and one in Asia-Pacific. The commercial enterprise unit placed in the United States affords monetary options to monetary gurus as properly as home monetary institutions. The European and Asia-Pacific enterprise gadgets solely carrier monetary authorities in the regions in which every unit operates.

As of October 2019, the business enterprise is led via its chief govt officer (CEO), Philip Snow, who assumed the head function in 2015. Snow commenced his profession at FactSet in 1996 as a advisor and held more than a few agency positions in the United States and abroad. Snow holds a diploma in chemistry from the University of California, Berkeley, and a master’s diploma in worldwide administration from the Thunderbird School of Global Management from Arizona State University.
FactSet has an hooked up company governance with audit board committees made up of unbiased administrators to assist with economic and company compliance.
The business enterprise additionally requires an worker hotline that permits for the reporting of moral or accounting concerns.
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